5 Largest Apparel Companies In The World

1. LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY)     

Market cap: $433.4 billion

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY), commonly known as LVMH, is a French multinational corporation and conglomerate specializing in luxury goods. The company was formed in 1987 through the merger of Moët Hennessy, a company specializing in wines and spirits, and Louis Vuitton, a company known for its luxury leather goods. Today, LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is the world’s largest luxury goods conglomerate. 

The company has over 60 subsidiaries and more than 70 brands under its umbrella. These brands include well-known names such as Louis Vuitton, Dior, Celine, Bulgari, Fendi, and Givenchy in fashion and leather goods; Moët & Chandon, Veuve Clicquot, and Dom Pérignon in wines and spirits; and Bulgari, Tag Heuer, and Zenith in watches and jewelry. LVMH operates in over 60 countries and has a global reputation for producing high-quality, luxury products.

The market cap of this company is $433.38 billion. LVMH generated a revenue of $85.74 billion in 2022. LVMH Moët Hennessy – Louis Vuitton, Société Européenne reported a significant increase in sales and net income for the first half of 2022. Specifically, the company saw sales of EUR 36,729 million, compared to EUR 28,665 million in the same period of the previous year. Similarly, net income was EUR 6,532 million, compared to EUR 5,300 million during the same time frame in 2021. 

You can also take a peek at 10 Best ASX Stocks To Buy and 15 Most Creative Companies in the World.